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FOX News
Jan 1, 2013 2:00am PST
tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of spending cuts to revenues through the wealthiest americans. the bill moves on to the how is that must pass it before wednesday the third of january when it 114th senate will pass a higher bill. >> what else is in the bill, dog? doug? >> it raises tax rates on 400,000 for individuals 450 per couples. it blocks spending cuts for two months for military government payment for people in the military and defense related programs people associated with that are breathing a big sigh of relief it extends unemployment benefits for long-term jobless for ner year. it preventses 20 percent cuts in fees for doctors with medicare patients and would help with a sniek gas prices with the expiration of the farm bill. that's all good news. >>> i wanted to ask you one more thing about the spending cuts. we heard mcconnell saying that will be expressed in the fewer. is there guarantee that will happen? we are looking at a 41 percent ratio. it can happen all they want there will be progress
FOX News
Dec 31, 2012 2:00am PST
deal it will probably add to the nation's deficit with just the promise of additional spending cuts happening down the road. >> doug luzader thank you. it's time for another look at who is talking. sticking with this topic we are hearing from president obama today. >> speaking with meet the press the president discussed what would happen if the country did go over the fiscal cliff and the i am fact it could have on the economy and the stock market. >>> well, it's hard to speculate on the markets. obviously business and investors are going to feel negative about the economy. if you look at the projections of 2013 people felt the economy would continue to grow unemployment would continue to tick down housing would continue to improve but what has been holding us back is the dysfunction in washington. if people start seeing that on january 1st this problem still hasn't been solved we haven't seen the kind of self sit reduction we could have had had the republicans been willing to take the deal that i gave them if they say that people's taxes have gone up which means con souler spending
Search Results 0 to 1 of about 2